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Utility Financial Analyst Trainee*, NS, or Senior Utility Financial Analyst, Grade 18 (NY HELPS)
Job
NYS Department of Civil Service
Remote
$69,451 Salary, Full-Time
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Job Description
Date Posted:
05/26/26Applications Due:
06/08/26Vacancy ID:
216816 Position Information NY HELPYes AgencyPublic Service, Department of TitleUtility Financial Analyst Trainee- , NS, or Senior Utility Financial Analyst, Grade 18 (NY HELPS) Occupational CategoryFinancial, Accounting, Auditing Salary Grade18 Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF) Salary RangeFrom $53764 to $85138 Annually Employment TypeFull-Time Appointment TypePermanent Jurisdictional ClassCompetitive Class Travel Percentage5% Schedule WorkweekMon-Fri Hours Per Week37.
No Mandatory overtime?
No Compressed workweek allowed?
Yes Telecommuting allowed?
Yes Location CountyAlbany Street Address3 Empire State Plaza CityAlbany StateNY Zip Code12223
Job Specifics Duties DescriptionDuties Description:
The Senior Utility Financial Analyst, Grade 18, will work in the Office of Accounting, Audits, and Finance and perform duties that include, but are not limited to:- Developing a familiarity with ratemaking principles and preparation of Cost of Service schedules.
- Identifying relevant data points on financial statements and becoming familiar with utilities' financial forecasts and forecasting models.
- Demonstrating an ability to understand technical matters such as the cost of debt and derivation of a proxy group.
- Assisting with the preparation of testimony, attending rate case negotiation sessions, reviewing negotiation term sheets, and assisting with the development of rate of return components.
- Assisting with the analysis of financing requests. Minimum QualificationsGeneral Public Non-Competitive (NY HELPS)
- : For appointment to a Utility Financial Analyst Trainee 1, you must have four years of experience analyzing financial/investment practices, assessing financial conditions, and cost structure, analyzing new securities issues, assessing financial and business risk, and measuring the cost of capital.
Substitution:
an associate degree may substitute for two years of experience; a bachelor's degree may substitute for four years of experience; a master's degree may substitute for five years of experience; and a doctorate may substitute for six years of experience. Preferred candidates would possess at least 9 semester credit hours in finance, as well as additional coursework in finance, economics, and/or accounting. 55-b/c: Candidates who are currently eligible, who meet the qualifications listed in the "Non-Competitive (NY HELPS)" section above are encouraged to apply. If interested in this position and applying using your 55-b/c status, please provide a copy of your current 55-b/c eligibility letter.Civil Service Eligible List:
Individuals meeting the minimum qualifications who achieved any score on the most recent holding of the PCO Examination are encouraged to apply to this posting as the list will not be canvassed at this time.Transfer:
Current New York State employee with one year or more of permanent, competitive, or 55-b/c service as a Senior Utility Financial Analyst, Grade 18; OR current New York State employee with one year or more of permanent, competitive, or 55-b/c service in a qualifying title and eligible for transfer- under section 70.
Department:
The New York State Department of Public Service (DPS or Department) works to: ensure safe, affordable, and reliable access to electric, gas, steam, water, and telecommunications services at just and reasonable rates for New York State customers, protect the natural environment, reduce greenhouse gas emissions via transmission and siting of renewable energy resources, and augment the resiliency of utility infrastructure. Learn more about DPS and how you can make a difference by checking out our video and more at: ://dps.ny/employment-opportunities.Additional Comments:
- Successful completion of the two-year traineeship leads to appointment as a Senior Utility Financial Analyst, Grade 18.
- This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).
NY HELPS
Program, this title may be filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply. At a future date, it is expected employees hired underNY HELPS
will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in anNY HELPS
title, employees may take part in any promotion examination for which they are qualified.- Candidates are encouraged to access GOT-IT on the Civil Service website (cs.